ichimokucharts

ichimokucharts

Equities are attempting to recover and appreciation in bonds may have run its course. May be the start of a strong flow of capital into equities. Just cautiously watching what happens with Gold. SPY SPY • Trend o SPY (mnthly): remains in primary bull by trading above KS but a bearish candle suggests a retracement to TS or KS has potential. (mnthly KS) CAUTIOUS...

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Short term sell on Gold Futures GC. Tenkan Sen very negative pointing down. Current candle bouncing off it to the downside in a negative manner. MACD suggesting that downside momentum is fairly strong. Have a target at 1276 at the first Weekly Pivot Point support level.

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* Formation of a Spinning Top type candle today denotes indecision for the trading day * The middle pivot point at 109.214 remains in play as a crucial area of support on any selling * At the start of the new trading session, we have seen the buyers pushing USDJPY a little higher * Over the last few days, the area up to 110 has seen downside rejection and if this...

ichimokucharts

* Formation of a Spinning Top type candle today denotes indecision for the trading day * The middle pivot point at 109.214 remains in play as a crucial area of support on any selling * At the start of the new trading session, we have seen the buyers pushing USDJPY a little higher * Over the last few days, the area up to 110 has seen downside rejection and if this...

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* Confirmed 1st time frame change of trend to the upside but the long shadow on the top of the candle highlights a significant lack of acceptance of prices at higher levels * This suggests that the trend change may be short-lived and we could see USDJPY testing the middle of the weekly pivot points at 109.214 * That will be a crucial area and any bearish move down...

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* Potential for move to PP resistance at 110.44 if PP mid line support at 109.21 holds * Fast and medium term trends (price below TS and KS) are up whilst long term is negative (below kumo) * Last completed candle is in a 1st term time frame down trend and moderately negative with some short term net negative momentum * Current candle is bouncing off PP support...

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- Mixed trends in terms of Ichimoku, with a long term down trend continuing (below the cloud), a neutral market in the medium term time frame (at the Kijun Sen) and bullish in the short term time frame (above the Tenkan Sen). - The Chikou Span sontinues to favor negative momentum (below corresponding price activity). - 1st Time frame up trend continues in a strong...

ichimokucharts

- 1st time frame trend is down - Bearish Ichimoku trends in all three time frames - Looking oversold vs Tenkan Sen, Kijun Sen and Ichimoku cloud - Due for a mean reversion bounce to at least the TS at 1.1465 - Strong support found today at previous resistance at 1.13045 - Rejection has been strong with a distinct lack of acceptance of price at that level as...

ichimokucharts

Mnthly - The Kijun Sen (pink line) at $163 is crucial support, as always on monthly charts. If the market closes below, and in a bearish manner, we could see FB sell off substantially, down to perhaps $105. Notice the KS held as support 3-4 months ago. Watch that support near $150 (previous swing low) if KS is breached. Weekly - The close last week within the...

ichimokucharts

Mnthly - The Kijun Sen (pink line) at $163 is crucial support, as always on monthly charts. If the market closes below, and in a bearish manner, we could see FB sell off substantially, down to perhaps $105. Notice the KS held as support 3-4 months ago. Watch that support near $150 (previous swing low) if KS is breached. Weekly - The close last week within the...

ichimokucharts

Mnthly - The Kijun Sen (pink line) at $163 is crucial support, as always on monthly charts. If the market closes below, and in a bearish manner, we could see FB sell off substantially, down to perhaps $105. Notice the KS held as support 3-4 months ago. Watch that support near $150 (previous swing low) if KS is breached. Weekly - The close last week within the...

02:24

ichimokucharts

Wedge Pattern in S&P500

01:45

ichimokucharts

Indecisive market off the back of the doji type candle. Still not seeing any strong follow through to the upside.

01:41

ichimokucharts

Buyers have returned to the S&P500 with a bounce off the top of the Ichimoku cloud.

ichimokucharts Updated 

An important change of character may have occurred over the last few days in Bitcoin. Since July this year we haven't seen any sustained activity down below the Kijun Sen indicator until now. Up until two weeks ago, probes below the Tenkan Sen were rejected quite quickly to the upside with solid buying coming in. The last break out below the TS was met with...

ichimokucharts

The weekly chart certainly does support the idea of a much needed retracemt and mean reversion but we do need to watch upper band support at 3872. A bearish close though this level at the end of the week could eventually see the round number 3000 eventually tested, whilst still maintaining a healthy higher time frame up trend.

ichimokucharts

Looking at the daily bands, we also see the important change of character in this market. Where the buyers were previously trading with a strong bullish tone above the upper band and in the upper half of the bands, constantly finding significant support at or just through the middle, now, we have seen over the last few days trading in the lower half with weak...

ichimokucharts

Looking at the hourly chart, the BBs are very wide, suggesting that we may have seen the low put in for the day and we could see a retracement back up to 4065 or possibly up to a large zone for previous support from 4120 to the mean at 4176.